LG Electronics says to invest in robot technology

LG said its appliances division is preparing the firm's entry into robotics industy with the aim to develop products that will work closely with home appliances products.Reuters | September 04, 2016, 10:06 IST

LG Electronics Inc and its affiliate LG Display are investing heavily on OLED for TVs, and LG Electronics recently slashed the prices of TV sets in the United States using OLED in a push to popularize the technology.SEOUL: South Korea's LG Electronics Inc said on Sunday it will aggressively invest in roboticstechnology, seeking to capitalise on advancing artificial intelligence.

LG, in a statement, said its appliances division is preparing the firm's entry into the robotics industy with the aim to develop products that will work closely with home appliances products such as refrigerators, washers and air conditioning units.

The firm also aims to develop robots to offer services in buildings.

The company did not elaborate on how much it might invest into robotics or when it expects to launch robot products.